GBP/JPY
Yesterday, the players on the rise were able to use the power of supporting the daily Kijun (147.00), which slowed down the decline. To obtain a significant result and prospects, it is now necessary to securely consolidate above the resistance of 148.43 and 149.24. The braking, consolidation and small recovery of bullish positions do not change the plans of the bears who would like to continue the decline and test the week-long Tenkan (146.06) or even Tenkan of the month (144.21), which is now strengthening the weekly cloud.
The upward correction of the lower half times led to a pair of resistance to Kijun H4 (148.40). The elimination of the dead cross of H4 and the formation of an upward target for the breakdown of the H1 cloud will affect the balance of the forces of the lower halves, the main resistance, in this case, will be the H4 cloud, reinforced by the higher-tier levels (149.24). Among the supports today, it should be noted 147.75 (Tenkan H4 + cloud H1 + high-time levels) - 147 (daily Kijun + target H4) - 146.06 (week Tenkan).
EUR / JPY
The day's golden cross determines the development of the situation. Kijun (131.89) is supporting and holding back the beginning of a new phase of decline, and Tenkan (132.49) is hindering the strengthening of bullish positions. Going beyond the influence of daytime Tenkan opens the way to testing the maximum extremum of consolidation (133.13), overcoming Kijun makes it possible to descend to subsequent support for the daytime Fibo Kijun (131.29) and weekly Tenkan (130.98).
Over the past day, the situation has not undergone drastic changes. The center of attraction continues to be 132.49, while the boundaries of the consolidation zone and the movement also retain their current location of 133.08-13 (Senkou Span B N4 + daily high) and 132.09-131.89 (high-tier levels). As a result, the conclusions and expectations voiced earlier remain unchanged.
Indicator parameters:
All time intervals 9 - 26 - 52
The color of the indicator lines:
Tenkan (short-term trend) - red,
Kijun (medium-term trend) - green,
Fibo Kijun - green dotted line,
Chinkou - gray,
Clouds: Senkou Span B (SSB, long-term trend) - blue,
Senkou Span A (SSA) - pink.
The color of additional lines:
Support and resistance MN - blue, W1 - green, D1 - red, H4 - pink, H1 - gray,
Horizontal levels (not Ichimoku) - brown,
Trend lines - purple.
